Legal Question in Business Law in New York

Re: Purchase of shares

That would depend upon the language of the contract for the sale of the shares.

Re: Purchase of shares

Usually shares are not officially transferred until final payment. However, there should be a shareholders agreement that specifically states the terms of your purchase. If so, you should certainly have an attorney review it to ensure that your rights are protected. If not,then you BETTER get an attorney right away to either draft one or make sure that whomever is selling the shares provides you with one. This area of law is our specialty, however, we would need some more information before making a complete and proper determination. You are welcome to contact us for a free consultation.

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